I’m following the rumored Reddit IPO, as it’s anticipated to be the first major technology IPO of 2024. The performance of this IPO could affect the actions of other late-stage technology companies and venture capital investors. With the NASDAQ trading just shy of all-time highs as of this writing, a well-performing IPO could unleash a wave of technology IPOs.
Last week, Reddit officially filed its Form S-1 with the SEC, indicating its intention to publicly list on the New York Stock Exchange (NYSE). Per CNBC, the company’s public market debut is expected in March (but that isn’t confirmed and is subject to change).
I’m curious to learn more about Reddit’s business and follow its post-IPO performance (assuming it moves forward with its public offering).